Federal HB1791 increases credit union loan limits to $100,000 for small businesses.
Federal HB1791, the Increasing Credit Union Lending for Business Growth Act, amends the Federal Credit Union Act to double the loan limit for small businesses from $50,000 to $100,000. This change aims to provide more loan flexibility to credit unions, potentially aiding small business growth. The bill also includes provisions to expand homeownership access through the Federal Home Loan Bank Act.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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